DESIGN AND IMPLEMENTATION OF A COMPUTER BASED LOAN SCHEME MANAGEMENT SYSTEM

ABSTRACT: Financial institutions such as banks provide loans to their clientele in accordance with the parameters stipulated by the loan scheme management committee.  The consumers must satisfy these conditions in a transparent manner in order to be eligible for the loan they are requesting.This study focused on doing a comprehensive analysis of the loan scheme management system.  The notion was comprehensively comprehended and a thorough evaluation of its advantages and disadvantages was conducted.In this instance, the management system for the lending scheme was automated through the use of computer technology.  Efforts were undertaken to enhance their comprehensibility for a wide range of individuals.The solutions were presented within a novel computerised system that was developed as part of this study.  The newly implemented system possesses attributes that make it academically noteworthy, including its timeliness, automation, comprehensiveness, interactivity, and energy efficiency.